48C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal
The LARGEST INDUSTRIAL SALE of 2019
JLL 19 Chapin Road Montville Township, NJ
Bussel Realty Corp. 970 New Brunswick Avenue Rahway, NJ
Bennett Williams Commercial 60 N Ronks Rd. Ronks, PA
Size: 297,000 SF Brokers: Gregory Irving, SIOR, Executive Vice President & Jim Hodgkins, Vice President Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced the sale of 970 New Brunswick Avenue in Rahway, New Jersey, a 297,000-square-foot industrial facility, for $19.5 million. Greg Irving, executive vice president, SIOR, and Jim Hodgkins, vice president, of BRC represented the seller, Rahway Industrial Sites. The buyer, Harold Realty Man- agement LLC, was represented by Ezra Realty. “Rahway Industrial Sites and Bussel Realty Corp. have had a long- standing relationship and we were happy to deliver on their expectations in the sale of the property,” said Irving.
Size: 529,110 SF Brokers: JLL’s Jose Cruz, Marc Duval and Jordan Avanzato JLL successfully closed the sale of 19 Chapin Road, a four-building, core-plus light industrial portfolio in the Morris County community of Montville Township, New Jersey. JLL represented the seller, a partnership between Camber Real Estate Partners and Advance Realty Inves- tors, and procured the buyer, a partnership between Cohen Asset Management, Inc. and Intercontinental Real Estate Corporation.
Size: 106,000 SF Brokers: Jeff Herr, Jeffrey Herr
60 N Ronks Rd is a 106,000 square foot warehouse that includes office and showroom space situated on eight acres. The property is located just off Route 30 in East Lampeter Township. The former owner was a large agri- business concern. The new owner is a furniture retailer, which will use this property as a warehouse for its retail locations. Jeff Herr, CCIM and Jeffrey C. Herr represented both the buyer and seller in this transaction.
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